SunSirs: After the Holiday, the Domestic Phosphate Rock Market Remained Stable as a Whole (September 9-20)
http://www.chemnet.com Sep 21,2022 SunSirs
According to the data monitoring of SunSirs, as of September 20, the average reference price of 30% grade phosphate rock in mainstream areas in China was around 1,068 RMB/ton. Compared with September 11, the price was basically the same. Compared with September 1 (the reference price of phosphate rock was 1,065 RMB/ton), the price was reduced by 4 RMB/ton, a decrease of 0.37%; Compared with August 1 (the reference price of phosphate rock was 1,100 RMB/ton), the price was lowered by 32 RMB/ton, a decrease of 2.91%.
It can be seen from the data monitoring chart of SunSirs that after the Mid-Autumn Festival, the domestic market of medium and high-end phosphate rock is generally stable and consolidating. The market was relatively calm as a whole, with little change in the news. From the perspective of the supply side, at present, the supply side is still relatively tight, and the supply side gives the market a sustained high level of support. From the perspective of demand, the low start of downstream phosphate fertilizers brings a certain worry to the market. After the holiday, the phosphate rock market is generally weak and stable. As of September 20, the domestic market price of 30% phosphate rock was around 1,030-1,150 RMB/ton, and the price is also different from the specifications of the original ore and the ratio of powder to lumps. The market price of 28% grade phosphate rock referred to around 850-980 RMB/ton, and the market price of 32% grade phosphate rock referred to around 1,200 RMB/ton. At present, the trading atmosphere in the phosphate rock field is mild, and the downstream purchases are mainly on demand.
In terms of downstream phosphorus yellow, from September 1st to 19th (9.1-9.19), the overall stable operation of the domestic phosphorus yellow market was mainly. According to the data monitoring of SunSirs, on September 19, the reference price of phosphorus yellow was 36,625 RMB/ton, an increase of 14.45% compared with September 1 (32,000 RMB/ton).
The National Day holiday is coming soon, and downstream demand is relatively stable. The phosphate rock data engineer of the business club believes that in the short term, the domestic phosphate rock market will be stable and consolidate. The specific trend needs to pay more attention to the news changes on the supply and demand side.